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Property profile & analytics
OFF-MARKET
Estimated value
$18,885,000
Outlet malls
3588 Page Ave Jackson, MI 49203-2320
Entity Owned
20-yr Hold
Free & Clear
Property ID
US43-1215125
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2001
Total area
289,727 SF
Lot
145.86 ac (6,353,662 SF)
Zoning code
B-4 GEN
APN
000-14-06-200-002-07
UPID
US43-1215125
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pittsburgh Paints & Stains - Available At Menard's Hardware & Home Improvement Building Supply
-
Menards Building Supply Hardware & Home Improvement
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Phantom Fireworks Tent Discount Store Party Supply Store
-
Builders License Training Institute Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.89M
Blend (final)
Blend
$18.89M
Owner & transaction history
Jackson County Road Commission · 20 yrs held
Jackson County Road Commission
since 2005
1 recorded transaction
Zoning & alternative use
B-4 GEN · Jackson, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$25.8M
+24.4%
Medical building
$24.5M
+18.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jackson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$20,765,000
Current use
RESTAURANT
$25,840,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$24,495,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$20,420,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$18,375,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$18.89M
Range $17.00M – $20.77M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$65 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$192,271
Tax year 2022
Assessed value
$6,833,019
Assessed 2023
Previous assessed
$7,023,032
-2.7% YoY
Effective rate
2.81%
On assessed value
Total market value
$13,666,038
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Buildings
9
Stories
1
Total area
289,727 SF
Lot
145.86 ac (6,353,662 SF)
Zoning code
B-4 GEN
APN
000-14-06-200-002-07
UPID
US43-1215125
Jurisdiction
JACKSON
Zoning & alternative use
B-4 GEN · Jackson, MI
Zoning B-4 GEN · permitted uses
B-4 GEN · Jackson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jackson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$20.8M
RESTAURANT
Est. value
$25.8M
MEDICAL BUILDING
Est. value
$24.5M
OFFICE BUILDING
Est. value
$20.4M
COMMERCIAL (GENERAL)
Est. value
$18.4M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Stories
1
Buildings
9
Lot
145.86 ac
Current owner
From public records · entity-resolved
Jackson County Road Commission
Entity
Free & Clear · 20 yrs held
Mailing address
4777 MENARD DR, EAU CLAIRE, WI 54703-9604
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2005
—
Jackson County Road Commission
Menard INC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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